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Agreed-Upon Procedures

When a formal opinion that accompanies a full audit is not necessary, but you need specific aspects of your financial data or business operations examined by a CPA, you likely need an agreed-upon procedure (AUP) report.  Lumsden McCormick will issue an accountant’s report of findings based on specific agreed-upon procedures applied to subject matter for use by specific parties.

Ensuring the objectivity and integrity of your internal procedures.

Although the American Institute of Certified Public Accountants regulates both audits and AUP engagements, the nature of these services are different.   An AUP report is beneficial when you have a specific concern about the financial or operational aspects of your business.  Examples include:

  • Third party transactions,
  • Internal controls,
  • Regulatory compliance,
  • Accounts payable/receivable,
  • Sales, and
  • Purchases

Working collaboratively with you, we will determine in advance the scope of the engagement including specific tests and reporting methodology. Lumsden McCormick will provide valuable insight targeting high-risk areas and closely examine financial results to identify specific problems that require immediate attention and assist with getting your accounting records back on track.

For more information about how an agreed-upon procedure report can be beneficial, contact a Lumsden McCormick service leader or complete the form below.

Services Leaders

Thomas Burns

Thomas M. Burns, CPA, CMA

Sara Dayton

Sara M. Dayton, CPA

Michael Grimaldi

Michael J. Grimaldi, CPA

Jill Johnson

Jill M. Johnson, CPA, CFE, CITP, FHFMA

Elizabeth Krause

Elizabeth S. Krause, CPA

Christopher Lukowski

Christopher Lukowski, CPA, CFE

Jonathan Roller

Jonathan L. Roller, CPA


Upcoming Events

Webinar Series Part IV: IRS Audit - Coming Soon Near You

Webinar Series Part IV: IRS Audit - Coming Soon Near You

July 14, 2021

The executive branch is looking to increase revenue for the IRS. Translation: expect to see an increase in the number of IRS audits being performed, including industries not traditionally targeted.

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Webinar Series Part V: Changes to Lease Accounting and How it Impacts Your Business

Webinar Series Part V: Changes to Lease Accounting and How it Impacts Your Business

July 27, 2021

The accounting for leases is changing significantly. The required implementation of FASB ASC 842 will mandate that most leases are included on the balance sheet as a right-of-use asset, with a corresponding lease liability. The new standard will impact nearly all commercial businesses and nonprofit organizations and is effective for annual reporting periods beginning after December 15, 2021.

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